New survey data from Cohesity, a leader in AI-powered data security, reveals that consumers surveyed worldwide are highly concerned about the information companies collect from them - especially when it`s used for artificial intelligence (AI). The overwhelming majority of respondents (73% in the UK, 81% in the US and 82% in Australia) criticised companies for collecting too much of their personal or financial data. And 9 out of 10 consumers are concerned that AI will impact how companies keep customer data secure.

Ripple, the leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone significantly strengthens Ripple’s global footprint as a regulated entity and enables the introduction of seamless cross-border payment services, including Ripple Payments Direct (RPD), in the United Arab Emirates (UAE). 

In another milestone for the company, digital private investment manager Moonfare has launched its direct investments programme.

Moonfare already offers individual investors a curated set of institutional-grade investment opportunities. Now, eligible investors will also be able to invest directly in select companies alongside leading GPs.

Ondato, a leader in identity and age verification solutions, and Softrobotics, leading provider of digital payments infrastructure, are excited to announce a strategic partnership to deliver cutting-edge digital payments and identity verification solutions to clients in the Middle East. This collaboration aims to enhance the digital transformation journey of financial institutions in the region by combining the unique strengths of both companies.

Signicat, the pan-European leader in digital identity, launches its Open Banking Hub. In addition to Signicat’s extensive suite of remote identity verification methods, the Open Banking Hub responds to organisations' need to perform consented, reliable and secure methods to prove a person’s personal information.

Savings and investment service Wealthify today introduces tiered fees for its Self-Invested Personal Pension (SIPP). Its management fee will be 0.6% for the first £100k, reducing to 0.3% on balances thereafter, and covers ongoing management by Wealthify’s team of investment experts.

OwlTing Group, a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-border payments for individual and business customers. This agreement will provide OwlTing an opportunity to potentially reach over 8.5 billion endpoints[1] in Visa's payment network worldwide.

New data from digital transformation consultancy Daemon reveals that cyber security issues continue to plague Brits, particularly whilst shopping online.

Pension funds are delivering better returns than British savers expect, with average annual growth over five years nearing 8% for those 30 years from retirement.

If you want to see fintech as a force for good that can create positive changes for individuals and businesses, remittances are a prime example. Their role in facilitating financial inclusion cannot be underestimated, by increasing people’s purchasing power, raising per capita incomes, and feeding into local and national economic growth.